MoneySavingExpert founder Martin Lewis is launching a High Court legal battle to “give Facebook a bloody nose” and change the way it operates over claims the site is publishing scam adverts causing vulnerable people to hand over thousands of pounds to criminals.

French shopping centre firm Klepierre has said it does not intend to make a formal offer for Hammerson, paving the way for the Bullring owner to seal a tie up with Chapelfield shopping centre owner Intu.

British Gas is to increase energy bills for 4.1 million dual fuel customers on its standard variable tariff by an average of 5.5%, or £60 a year, blaming rising wholesale energy and Government policy costs.

Colman’s Mustard owner Unilever has confirmed that it has chosen Rotterdam over London as its new legal headquarters, dealing a major blow to the UK government as it tries to uphold Britain’s status as a centre for business after Brexit.

Experts are urging Philip Hammond to freeze rises in business rates in next month’s spring statement after figures revealed almost a quarter of a million commercial premises are braced for above-inflation hikes.

SSE has started talks with the competition watchdog over its merger with rival Npower – as the energy supplier revealed that it lost thousands more customers with households continuing to switch to cheaper rivals.

The proposed £11.7bn takeover of Sky by 21st Century Fox is not in the public interest as the combined group would have too much control over UK news media, the competition watchdog has provisionally found.